Life at The Top novel Chapter 1816

Before the two big bombs mentioned by Jasper appeared, the collapse of the subprime market in the United States took the lead in causing an uproar in the global financial community.

This time, not only the financial sector, even the governments of various countries around the world had begun to stand up.

As a global financial and economic center, once the United States fell into the quagmire of an economic crisis, it would cause a huge blow to the global financial industry.

Under such circumstances, the

announcement issued by the Federal

Reserve and the Department of the Treasury gave the market little

confidence, but it was still a drop in the bucket.

The 300 billion market rescue funds invested by the Federal Reserve before had all evaporated. Not only that, the points in the subprime market were still plunging drastically.

This scene caused countless people to

panic.

It was unknown how many investors and institutions had emptied all their possessions in this sudden crash. Moreover, they were even in huge debts. because of this.

One could see people’s assets such as cars, houses, and stocks being forcibly taken away by the court everywhere. Furthermore, one could see people

jumping off high-rise bridges to end their

painful life.

The economic crisis brought about by the collapse of the subprime market had affected all aspects of society.

The most terrifying chain reaction was that the decline in the subprime market had led to a full-scale decline in the United States futures and securities stock market.

The stock price of listed companies continued to fall and investors in the market lost their money. Furthermore listed companies were unable to obtain funds from the stock market for corporate

development. As a result, countless companies began to lay off employees and shut down factories, and some even went bankrupt.

Therefore, people who had lost their jobs

were looking for new jobs while facing

huge debt pressure at the same time.

The direct result of this was that a large.

number of people began to take to the

streets to demonstrate.

Some were blaming the government for being incompetent and some were blaming the rich for making all the money, causing them to be unable to put food on the table. At the same time, others were blaming the Somerland people for causing them to lose their jobs and carry huge debts.

Under tremendous economic pressure,

the racial, social, and class contradictions

in the United States began to make their

appearance one by one.

This was exactly what Jasper had seen in his previous life.

The only difference was that this time it had intensified the hatred of people in the United States toward the people in Somerland.

Conflicts between Somerland immigrants and the United States citizens broke out everywhere. On even more serious occasions, tanned -skinned Terrans had even become the targets of their attacks, and the first to bear the brunt was the Somerlandtowns that were littered all across the United States.

To put it bluntly, not only did the collapse of the subprime market evaporate countless amounts of wealth in the United States, it also exacerbated social conflicts and caused social turmoil.

This was the power of modern finance.

“Dad, how long do you think the chaos in the United States will last?”

In a moving convoy, Kayden, who wast sitting in the middle, turned to ask his father, Half-the-Harbor Langdon, who was sitting next to him.

Half-the-Harbor Langdon still wore his

iconic tortoiseshell, black-rimmed

glasses. He said, “It has just begun, so

why would it end so soon?”.

Seeing another demonstrator on the side o

f the road holding a banner stating ‘We

want to work, we want to live’, Kayden

said with a complicated expression,

Throughout this period, many Somerland

shops all over the countryl have been

destroyed, looted, and burned, while we